Why are there negative signs for both bid and offer for RMB???? Does it mean that no matter I buy or sell I need to pay >10% margin??? It is strange as most of time we should get interest if I buy a currency.

Is it b'coz RMB is not easily available so they need to borrow from somewhere else?

no free lunch here. carrying that position will cost about -15%, market is already pricing in appreciation. the free lunch comes by going long USD/CYN getting paid 13.3% then hedging this by opening a bank account there. its a synthetic USD money market fund that pays a lot

no free lunch here. carrying that position will cost about -15%, market is already pricing in appreciation. the free lunch comes by going long USD/CYN getting paid 13.3% then hedging this by opening a bank account there. its a synthetic USD money market fund that pays a lot